Workday, Inc. (NASDAQ:WDAY) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its stake in Workday, Inc. (NASDAQ:WDAY) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,104 shares of the software maker’s stock after selling 1,082 shares during the period. Xponance Inc.’s holdings in Workday were worth $7,482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its holdings in shares of Workday by 5.1% during the fourth quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock worth $18,517,000 after purchasing an additional 3,260 shares during the last quarter. Morgan Stanley grew its stake in Workday by 47.0% during the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after buying an additional 872,288 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Workday during the third quarter worth approximately $345,000. Assenagon Asset Management S.A. lifted its stake in Workday by 58.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock valued at $76,902,000 after buying an additional 103,171 shares during the last quarter. Finally, Mariner LLC boosted its holdings in shares of Workday by 21.1% in the third quarter. Mariner LLC now owns 28,304 shares of the software maker’s stock valued at $6,081,000 after acquiring an additional 4,927 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the transaction, the insider now owns 165,932 shares of the company’s stock, valued at $48,749,162.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Douglas A. Robinson sold 411 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the sale, the insider now owns 165,521 shares of the company’s stock, valued at approximately $44,177,554.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the transaction, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock worth $117,731,569 over the last ninety days. Corporate insiders own 21.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WDAY. KeyCorp lifted their target price on shares of Workday from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Barclays lowered their price objective on shares of Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 27th. BMO Capital Markets upped their price objective on shares of Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. UBS Group reduced their target price on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Finally, Evercore ISI boosted their price target on shares of Workday from $310.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $293.61.

Workday Stock Performance

Workday stock opened at $252.22 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The stock’s 50 day moving average price is $278.19 and its 200 day moving average price is $262.25. The firm has a market capitalization of $66.59 billion, a PE ratio of 48.97, a price-to-earnings-growth ratio of 6.39 and a beta of 1.32.

Workday (NASDAQ:WDAY) last posted its earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the company posted ($0.14) earnings per share. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, sell-side analysts expect that Workday, Inc. will post 1.76 EPS for the current fiscal year.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.